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Don't let yourself get automatically billed especially with the ever-rising car insurance renewal fees. Want cheaper car insurance? Compare new car insurance quotes online today.
Category: Car Ownership Advice
One out of four Singaporean drivers chooses to renew their car insurance automatically. Doing so might not be the best idea if you want the cheapest car insurance. Yes, it may be convenient, but sometimes, there's a price to pay for said convenience.
Here are four reasons why you shouldn't auto-renew your insurance:
- Your insurer might have new (and cheaper) car insurance promotions
- You can get cheaper car insurance quotes from other insurers
- Your car insurance renewal fee gets more expensive
- You don't get to negotiate for the best car insurance plan
Your insurer might have new car insurance promotions
With every season, there are changes - this applies to car insurance plans too. Your insurer may come up with newer policies with better and cheaper coverage.
Even though your current car insurance may seem like the best one when you bought it, your insurer may come up with an even better plan for the following year or any other year after that.
Here are some of the best car insurance policies for 2020. Check if your insurer made the list!
You can get cheap car insurance quotes from other insurers
Since every insurer focuses on different benefits, you can look forward to exploring their cheap car insurance plans and promotions - no one said you had to stick with the same insurer.
Take a couple of minutes to compare car insurance quotes. You might just find something that suits your needs and economically sound too! It's good practice to compare at least three car insurance quotes before you settle for one.
If it's too troublesome to source for individual quotes, you can always compare 12 car insurance companies in one shot!
Your car insurance renewal fee gets more expensive
Your insurer may weigh risk-factors differently each year. These are factors that affect your car insurance quotes and they determine your premium for the year.
Let's just say it's not a great feeling to find out that you're paying more than what you expected, more so for intangible products like car insurance. Insurers are not obligated to inform you (until you get the auto-renewal bill) that your premiums have increased.
Likewise, you as the customer are not obligated to auto-renew your car insurance. Be smart!